Zacks Research Expects Reduced Earnings for Landstar System

Landstar System, Inc. (NASDAQ:LSTR) – Research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Landstar System in a research report issued on Tuesday, November 12th. Zacks Research analyst S. Goswami now anticipates that the transportation company will earn $5.58 per share for the year, down from their prior forecast of $5.92. The consensus estimate for Landstar System’s current full-year earnings is $5.61 per share. Zacks Research also issued estimates for Landstar System’s Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $1.63 EPS and FY2026 earnings at $7.91 EPS.

Several other research firms have also issued reports on LSTR. Raymond James reduced their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Susquehanna reduced their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. Evercore ISI dropped their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Finally, TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Landstar System has an average rating of “Hold” and an average price target of $174.25.

Landstar System Trading Down 1.3 %

Shares of Landstar System stock opened at $187.41 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 12-month low of $165.39 and a 12-month high of $201.40. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 32.06 and a beta of 0.81. The firm’s 50-day moving average price is $183.78 and its two-hundred day moving average price is $183.31.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year.

Hedge Funds Weigh In On Landstar System

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares during the period. Victory Capital Management Inc. grew its position in shares of Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after buying an additional 99,461 shares during the last quarter. Boston Partners increased its stake in shares of Landstar System by 1.0% in the first quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock valued at $305,671,000 after buying an additional 15,424 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Landstar System by 2.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company’s stock worth $82,755,000 after acquiring an additional 10,538 shares during the period. Institutional investors own 97.95% of the company’s stock.

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.